Common use of Directors’ Expenses Clause in Contracts

Directors’ Expenses. 14 3.7 Real Property Holding Corporation................. 14 3.8

Directors’ Expenses. 14 3.7 Real Property Holding Corporation................. ............................. 14 3.8

Directors’ Expenses. 14 3.7 13 4.9 Real Property Holding Corporation................. 14 3.8.................................. 13 4.10

Directors’ Expenses. 14 3.7 17 3.8 Real Property Holding Corporation................. 14 3.8........................17 3.9 Stock Issuances and Option Grants........................18